Rose Co Investment Brokers Inc

In a move that will further solidify its position as the nation's largest discount stockbrokerage, Charles Schwab & Co. said Wednesday that it has agreed in principle to acquire Rose & Co., Chase Manhattan Corp.'s discount brokerage subsidiary. The deal, for which terms were not disclosed, will continue a trend of consolidation in the discount brokerage business, where the top national firms have gained increasing market shares at the expense of smaller, regional firms.

In a move that will further solidify its position as the nation's largest discount stockbrokerage, Charles Schwab & Co. said Wednesday that it has agreed in principle to acquire Rose & Co., Chase Manhattan Corp.'s discount brokerage subsidiary. The deal, for which terms were not disclosed, will continue a trend of consolidation in the discount brokerage business, where the top national firms have gained increasing market shares at the expense of smaller, regional firms.

Charles Schwab & Co., the nation's largest discount brokerage, confirmed Monday that it is exploring the possible acquisition of Rose & Co., Chase Manhattan Corp.'s discount brokerage subsidiary. A Schwab spokesman said the discussions were consistent with the San Francisco-based company's "aggressive acquisition strategy." He said Schwab purchased several small discount brokerage houses in the early 1970s. Aware of Risks Rose & Co.

Charles Schwab & Co., the nation's largest discount brokerage, confirmed Monday that it is exploring the possible acquisition of Rose & Co., Chase Manhattan Corp.'s discount brokerage subsidiary. A Schwab spokesman said the discussions were consistent with the San Francisco-based company's "aggressive acquisition strategy." He said Schwab purchased several small discount brokerage houses in the early 1970s. Aware of Risks Rose & Co.